Bitcoin price falls to $78,000 following Binance security alert

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By Sarah Davis • Updated Oct 30, 2026 at 05:40

Bitcoin tumbles below $78,000, extending losses as Binance security scare rattles crypto markets - CNBC — Bitcoin price falls to $78,000 following Binance security alert

Bitcoin has reached below $78,000, with losses driven by a security scare at Binance. The exchange paused $3.5 billion of assets, raising concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices. The hawkish Federal Reserve and hotter inflation data also affected the market, keeping Bitcoin unchanged at $80,000. CNBC and Reuters announced the decline, while Investing.com mentioned the hawkish Fed and inflation data.

“Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices,” — Farah Vance, regional editor at Kescroft Field Advisory, explained.

By the Numbers

78,000 — mentions tracked
3.5 — updates logged
80,000 — regions covered

Timeline

Oct 27 — Bitcoin has reached below $78,000, with losses driven by a security scare at Binance....

Oct 30 — CNBC and Reuters announced the decline, while Investing.com mentioned the hawkish Fed and inflation data....

Reader Poll: Do you expect this story to develop further? — 53% of Sasudasentreprise readers said yes.

This story has been closely followed by our readers since Oct 27. The Kescroft Field Advisory desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Tuesday, Nov 3.

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Editor's note: this report was prepared by the Kescroft Field Advisory desk and last updated 05:32 UTC.

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